Oak Holdings plc, the AIM listed company behind the £350 million YES! Project, announced that it has reached a further milestone in the project, signing a partnership agreement with Laing O'Rourke, the UK's largest privately-owned construction company.

The agreement provides Oak with a relationship with a major international building contractor for the provision of construction services associated with all aspects of the YES! Project.

As Oak's construction partner, Laing O'Rourke will be integrated within the YES! project team at an early stage in order for the project to benefit from their specialist construction advice and knowledge.

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YES!, the leisure-based resort, activity, sports and convention destination, is scheduled to become the largest covered leisure facility in Europe, following Oak's announcement on 22 February that it had agreed project terms with Rotherham Metropolitan Borough Council.

Chief Executive of Oak Holdings, Steve Lewis said: "The exciting developments announced recently are the fruits of four and a half years' labour. We are now in a position to move the scheme forward with certainty.

"To secure the services of Laing O'Rourke, with its exemplary record for delivering high-profile schemes successfully and on time, is a major achievement for the project. Laing O'Rourke is one of Europe's foremost construction services groups and it is championing the partnership approach to major projects. We are very pleased to have them as our partners."

(CD/JM)